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Indiana Code Title 20. Education § 20-27-5-27

Current as of January 01, 2026 | Updated by Findlaw Staff

Sec. 27. If a transportation or fleet contract is canceled by a governing body under this chapter, the governing body may purchase the school bus equipment owned by the school bus driver or fleet contractor and used under the transportation contract.  The purchase price is the fair market value of the equipment as determined by agreement of the governing body and the school bus driver or fleet contractor.

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Cite this article: FindLaw.com - Indiana Code Title 20. Education § 20-27-5-27 - last updated January 01, 2026 | https://codes.findlaw.com/in/title-20-education/in-code-sect-20-27-5-27/

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